With soul-shattering belief, I would like to inform you that there is no one path to follow when it comes to becoming an Entrepreneur. Whether you’re starting a home-based crafts business, a digital agency, or a global travel company, every path that leads you to success will be different. But one thing is for sure: every startup need entrepreneurial Leadership skills to succeed.

Since launching my first online eCommerce store back in the year 2008 – which basically was a gifting portal – I’ve continued not only to polish my leadership skills but also to reinvent myself with the qualities that are necessary for a successful Entrepreneur to run growing the business and face all the challenges in between.

But if you want to enter the realm of highly successful entrepreneurial leadership skills, you need to work on your leadership skills. Based upon my personal experience these are the crucial leadership skill that every Entrepreneur need to possess:

1. Strategic Vision

Every company means something different by the words “vision” and “strategy. But as a struggling business owner, you need to start with a clear vision on the why of your business.

Why you’re doing what you’re doing and how are you planning to do it differently than others. When starting a business, you need to be very clear where you want your business to lead, if you don’t start with a clear vision, soon you will be up on your toes in front of the investors.

Just the business idea is not enough, you need to establish a strategy around that idea. And building a strategy is a serious skill.

As you progress in your career you’ll be able to connect the dots backward, and things will start making more sense to you.

2. Recruiting a great team

The initial stage of a startup is a crucial part of the journey. Here you’ll be hiring people whom you’ve never met and whom you’ll be trusting for the rest of your startup.

Most successful entrepreneurs are obsessive about seeking true talent to build out a team, and there is nothing wrong with this. You are only as good as your team, so be obsessive.

But to hire a team you need to place the right people on the bus and wrong people off the bus. Don’t just judge people based on their experience, judge them on their interpersonal skills.

There are many people whom I hired that were technical geniuses but they lacked communication skills, and that ended badly for me.

In a startup, everyone needs to be customer-oriented, and even if don’t interact with the customers directly, you need to know what your company is offering and when the time comes how well you can communicate that to the customers.

3. Embrace public speaking

“Words have incredible power. They can make people’s hearts soar, or they can make people’s hearts sore.” ~Dr. Mardy Grothe

Entrepreneurs not only need to need to have a sense of direction to where they are growing, they also need to have that audacity to present that data in front of the huge audience. I learned by speaking every chance possible; regardless of audience size, constant speaking helps build and maintain a smooth delivery.

When attending conferences and networking, take mental notes from the strongest speakers – and the most successful entrepreneurs. You may have the most optimal message and product/services, but if you can’t clearly and concisely explain them, your brand may suffer. Keep your elevator pitch ready always.

4. Ability to learn from failure

“If you’re not prepared to be wrong, you’ll never come up with anything original.” ~Ken Robinson

Unfortunately, failure is quite common in entrepreneurship — it’s something I learned in my early years of building Wakanow.com. However, how you deal with failure, or not achieving an outcome as expected, is critical to your success. Specifically, failure is an opportunity to learn and minimize the likelihood that you will fail the same way again. Embrace it and study what you did wrong. Learn to not make the same mistake twice.

5. Asking for advice

“In life, you need many more things besides talent. Things like good advice and common sense.” ~Hack Wilson

No matter how well you know your industry, change is reshaping business so fast that entrepreneurs develop blind spots or become uncertain about how to proceed.

You need to stay ahead of your failures, and if you want to move fast and break things, you need to ask people for advice.

While being an entrepreneur will pull you in many directions, these tips will ensure you can consistently adapt to change and bring your business ahead in whatever direction your industry may take you.

Call-to-action

Our digital marketing agency cares more about your ROI than our profits. That is why we are here to turn your ideas into reality. For award-winning websites & game-changing apps contact us now!